Evercore ISI Sticks to Their Buy Rating for F5 Networks (FFIV)

Evercore ISI analyst Amit Daryanani maintained a Buy rating on F5 Networks (FFIVResearch Report) yesterday and set a price target of $255.00. The company’s shares closed last Monday at $212.00.

According to TipRanks.com, Daryanani is a 5-star analyst with an average return of 11.8% and a 60.3% success rate. Daryanani covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Rackspace Technology.

Currently, the analyst consensus on F5 Networks is a Moderate Buy with an average price target of $247.00, representing a 17.5% upside. In a report issued on March 31, Needham also reiterated a Buy rating on the stock with a $303.00 price target.

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Based on F5 Networks’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $687 million and net profit of $93.56 million. In comparison, last year the company earned revenue of $625 million and had a net profit of $87.68 million.

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F5 Networks, Inc. engages development and provision of software defined application services. It offers the development, marketing and sale of application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company was founded on February 26, 1996 and is headquartered in Seattle, WA.

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